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Benzinga

Business

Adam Eckert

MYSTERIOUS: Why microsoft shares are moving higher today - You Need To See This

Microsoft Microsoft Corp Nasdaq

Microsoft Corp (NASDAQ:MSFT) shares are trading higher Wednesday after the company reported better-than-expected financial results and issued guidance above analyst estimates.

Microsoft said fiscal third-quarter revenue increased 18% year-over-year to $49.4 billion, which beat the $49.03 billion estimate. The company reported quarterly earnings of $2.22 per share, which beat the estimate of $2.18 per share, according to data from Benzinga Pro.

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